VALERO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VALERO
Largest movements
- Deferred charges and accrued income -€2,117
no longer reported in 2025 (was €2,117)
- Receivables within one year -€1,702
down €1,702 (-10.5%), from €16,279 to €14,578
of which Other amounts receivable: -€1,702
- Cash +€1,247
up €1,247 (+20.7%), from €6,035 to €7,282
mainly Other debts (+€7,500) and Deferred charges and accrued income (+€2,117)
- Profit (loss) carried forward -€11,781
down €11,781 (-7.2%), from -€162,859 to -€174,640
- Other debts +€7,500
up €7,500 (+23.3%), from €32,231 to €39,731
- Trade debts +€1,710
up €1,710 (+8.8%), from €19,365 to €21,075
- Provisions -€79,000
no longer reported in 2025 (was €79,000)
- Gross operating margin +€14,273
up €14,273 (+56.9%), from -€25,067 to -€10,794
- Taxes -€3,034
no longer reported in 2025 (was €3,034)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,431 | €21,860 | -€2,572 | -10.5% |
| Current assets | 29/58 | €24,431 | €21,860 | -€2,572 | -10.5% |
| Amounts receivable within one year | 40/41 | €16,279 | €14,578 | -€1,702 | -10.5% |
| Trade receivables | 40 | €5,063 | €5,063 | = | 0.0% |
| Other amounts receivable | 41 | €11,216 | €9,514 | -€1,702 | -15.2% |
| Cash at bank and in hand | 54/58 | €6,035 | €7,282 | +€1,247 | +20.7% |
| Deferred charges and accrued income | 490/1 | €2,117 | - | -€2,117 | |
| Total equity and liabilities | 10/49 | €24,431 | €21,860 | -€2,572 | -10.5% |
| Equity | 10/15 | -€137,665 | -€149,446 | -€11,781 | -8.6% |
| Contributions | 10/11 | €23,682 | €23,682 | = | 0.0% |
| Reserves | 13 | €1,512 | €1,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,512 | €1,512 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,512 | €1,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,859 | -€174,640 | -€11,781 | -7.2% |
| Provisions and deferred taxes | 16 | €100,500 | €100,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,500 | €100,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €100,500 | €100,500 | = | 0.0% |
| Amounts payable | 17/49 | €61,596 | €70,806 | +€9,210 | +15.0% |
| Amounts payable within one year | 42/48 | €61,596 | €70,806 | +€9,210 | +15.0% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Other loans | 439 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €19,365 | €21,075 | +€1,710 | +8.8% |
| Suppliers | 440/4 | €19,365 | €21,075 | +€1,710 | +8.8% |
| Other amounts payable | 47/48 | €32,231 | €39,731 | +€7,500 | +23.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €79,000 | - | -€79,000 | |
| Other operating charges | 640/8 | €709 | €597 | -€112 | -15.8% |
| Gross operating margin | 9900 | -€25,067 | -€10,794 | +€14,273 | +56.9% |
| Operating profit (loss) | 9901 | -€104,776 | -€11,391 | +€93,385 | +89.1% |
| Financial charges | 65/66B | €296 | €390 | +€94 | +31.6% |
| Recurring financial charges | 65 | €296 | €390 | +€94 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | -€105,073 | -€11,781 | +€93,292 | +88.8% |
| Income taxes | 67/77 | €3,034 | - | -€3,034 | |
| Profit (loss) for the period | 9904 | -€108,107 | -€11,781 | +€96,326 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,107 | -€11,781 | +€96,326 | +89.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.